KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Stock Price Cross Below 200-Day Moving Average – What’s Next?

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $28.83 and traded as low as $28.66. KraneShares Mount Lucas Managed Futures Index Strategy ETF shares last traded at $28.82, with a volume of 714,961 shares changing hands.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Trading Down 1.3%

The firm has a market capitalization of $576.40 million, a price-to-earnings ratio of 9.85 and a beta of -0.39. The company has a 50-day moving average of $30.69 and a 200-day moving average of $28.83.

Institutional Trading of KraneShares Mount Lucas Managed Futures Index Strategy ETF

Institutional investors have recently added to or reduced their stakes in the business. Money Concepts Capital Corp bought a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the third quarter valued at $50,253,000. Altiora Financial Group LLC raised its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 214.1% during the third quarter. Altiora Financial Group LLC now owns 75,300 shares of the company’s stock worth $2,341,000 after purchasing an additional 51,325 shares during the period. Abbington Investment Group lifted its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 10.5% in the 3rd quarter. Abbington Investment Group now owns 279,147 shares of the company’s stock worth $8,679,000 after buying an additional 26,423 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter worth about $228,000. Finally, Claro Advisors Inc. lifted its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 205.6% in the 3rd quarter. Claro Advisors Inc. now owns 40,583 shares of the company’s stock worth $1,262,000 after buying an additional 27,305 shares during the last quarter.

About KraneShares Mount Lucas Managed Futures Index Strategy ETF

The KFA Mount Lucas Index Strategy ETF (KMLM) is an exchange-traded fund that is based on the KFA MLM index. The fund aims to track an index of long and short managed futures, based on a trend following methodology. The fund allocates to commodity, currency and global fixed income futures based on relative historical volatility. KMLM was launched on Dec 2, 2020 and is managed by KraneShares.